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Common and Common Equivalent Shares

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Common and Common Equivalent Shares

7. Common and Common Equivalent Shares:

Basic net income per common share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share is calculated by dividing net income by the weighted average number of common and potential common shares outstanding during the period. Potential common shares consist of outstanding restricted stock, deferred stock and stock options and is calculated using the treasury stock method.

The calculation of shares used in the basic and diluted net income per common share calculation for the three and six months ended June 30, 2018 and 2017 is as follows (in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
		2018				2017				2018				2017
Weighted average number of common shares outstanding			92,987				92,181				92,922				92,270
Weighted average number of dilutive common share equivalents			542				631				594				707
Weighted average number of common and common equivalent shares outstanding			93,529				92,812				93,516				92,977
Antidilutive securities not included in the diluted net income per common share calculation			392				8				197				5

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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